菲律宾2025年11月失业率回落至4.4%

Core Insights - The unemployment rate in the Philippines decreased to 4.4% in November 2025, down by 0.6 percentage points from October [1] - The number of unemployed individuals in November 2025 was 2.25 million, a reduction of 290,000 from October [1] - The labor force participation rate increased to 64.0%, up by 0.4 percentage points from October, indicating enhanced labor market activity [1] Employment Sector Analysis - The services sector accounted for the highest employment, with 30.59 million jobs in November 2025, representing 62.1% of total employment [1] - Agriculture and industry contributed 20.0% and 17.9% to total employment, respectively [1] - Significant year-on-year employment growth was observed in public administration, defense, compulsory social security, education, and administrative support services [1] - Month-on-month increases in employment were noted in wholesale and retail, as well as automotive and motorcycle repair sectors [1] Employment Quality Improvement - The underemployment rate in the Philippines improved to 10.4% in November, a decrease of 1.6 percentage points from October [1] - Underemployment indicates that workers are seeking more hours or better job opportunities [1] Youth Employment Trends - The unemployment rate for the youth aged 15 to 24 years was 11.7% in November 2025, down by 2.4 percentage points from October [1] - The youth underemployment rate was 9.4%, a decline of 1.6 percentage points from October [1]